Latin America B2C E-Commerce Market 2017
Compared to regions such as North America and Europe where the online portion of total retail is a percentage in the low teens, the low single digit online sales in Latin America indicates a huge potential for growth.
LONDON, Nov. 13, 2017 /PRNewswire/ -- Download the full report: https://www.reportbuyer.com/product/191554
In fact, the growth rate of B2C E-Commerce is predicted, through research cited in the yStats.com report, to outpace the growth in the mature markets through the next five years, due to increasing internet penetration as well as improvement in the delivery and payment infrastructure in the region. The leading nation in online retail sales of the region is Brazil but other countries such as Colombia and Mexico will see faster growth rates of online sales. MercadoLibre, an Argentina-based online marketplace leads E-Commerce throughout Latin America.
Shopping through a mobile device, especially smartphones, is a key component of the growth in online retail in the region. Surveys cited in the yStats.com report indicate that M-Commerce is increasing at a much faster rate than E-Commerce in general, as shoppers appreciate the convenience of purchasing through their phone.
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